Wednesday, 12 December, 2018

Huawei CFO wanted for fraud in US, bail hearing told

Chinese Tech Exec Faces 30 Years in Prison in U.S., Canadian Prosecutor Says Huawei exec faces US fraud charges linked to Iran, court hears
Pablo Mccormick | 08 December, 2018, 00:36

The company would not say why she faces extradition, but at Meng's bail hearing Friday, the Crown revealed she is wanted due to an investigation into fraud and violations against US sanctions against Iran.

Meng is accused to have previously insisted the two were separate companies.

The prosecutor said Meng had personally denied to USA bankers any direct connections between Huawei and SkyCom, when in fact "SkyCom is Huawei".

Meng, who also has used the English names Cathy and Sabrina, served on the board of Skycom between February 2008 and April 2009, according to Skycom records, and several other past and present Skycom directors appear to have connections to Huawei.

Huawei CFO Meng Wanzhou, daughter of the company's founder, was arrested last Saturday in Canada.

Kendrick Lamar leads the 2019 Grammy Awards nominations
On the flip side of that equation is best new artist nominee Margo Price, who has been releasing independent music since 2010. The rest of the best new artist nominees included Chloe x Halle, Luke Combs, H.E.R, Dua Lipa, Bebe Rexha and Jorja Smith.

Meng arrived in the packed Supreme Court of British Columbia as dozens of photographers jostled outside the building.

"Meng being released on $1 million bail would be like asking upper middle class Canadian family to cough up $136", she paraphrased the Crown as explaining, before noting that Meng's "father has a net worth of $3.2bn".

Chinese Foreign ministry spokesman Geng Shuang said on Friday that neither Canada nor the U.S. had provided China any evidence that Meng had broken any law in those two countries, and reiterated Beijing's demand that she be released.

On Friday, Beijing nevertheless alleged that Meng, known internally as the "princess" of Huawei and possible heir to the throne, had become a pawn in the dispute. Trudeau said at the time that he had not been in contact with China or its ambassadors about the case, CBC reported.

USA officials are seeking her extradition so she can be prosecuted in the US on fraud charges, the prosecutor said.

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Stevenson's family thanks supporters for their many messages of empathy and support over the past few days", the statement said. His doctor at the Quebec University Hospital said the boxer had undergone surgery soon after being admitted.

A Canadian court must decide if there is sufficient evidence to support the extradition, but then it is left to Canada's justice minister to sign the order.

The news of Meng's arrest has roiled global stock markets on fears it could escalate a trade war between the USA and China after a truce was agreed last week between President Trump and China's leader Xi Jinping.

"I can assure everyone that we are a country (with) an independent judiciary", Trudeau told a tech conference in Montreal. That was about six years after the company was founded to sell phone switches.

Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns.

The five nations together form the "Five Eyes" intelligence alliance.

Kyler Murray wins Davey O'Brien Award
Kyler Murray transferred to Oklahoma after his freshman season, sat out a season per transfer rules and then backed up Mayfield. Tua Tagovailoa will have to wait until Saturday to find out if he's the victor of college football's top prize.

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